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Stock market: rebound in Europe after two sessions in the red

Stock market: rebound in Europe after two sessions in the red

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This Friday morning, the main European stock markets opened higher after two sessions in the red.

 

Early indications are that the Dax in Frankfurt is expected to gain 0.46% at the opening, the FTSE 100 0.57% in London and the Eurostoxx 50 index 0.7%.

 

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The president of the Fed (Central Bank of the United States), Jerome Powell announced Wednesday that the peak of interest rates would probably be higher than what the members of the U.S. central bank had estimated in September. They had considered a pause in monetary tightening very premature.

 

This recent statement by Jerome Powell has fueled widespread risk aversion in the financial markets, but also seems to have been digested by investors. Nonetheless, the stock market trend could be inflected downward by the U.S. Labor Department’s monthly employment report, which will be released at 12:30 GMT.

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